Former chief and tycoon make a play for Cue

Cue Clothing, the Australian fashion retailer behind the Cue and Veronika Maine brands, has attracted takeover interest from former executive Justin Levis, whose family founded the business, and billionaire retailer Larry Kestelman, owner of PAS Group and Brand Collective, following its collapse into receivership in September, with receivers FTI Consulting having shortlisted a small number of bidders and a decision on the sale expected within two weeks, although industry observers remain divided over whether the business can be rescued or will ultimately be placed into liquidation.

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